Bloomberg Surveillance

Alessio De Longis, Invesco Investment Solutions Senior Portfolio Manager, says the surge in U.S. virus cases shows why reopening is such a delicate process. Howard Koh, Former Assistant HHS Secretary and Harvard T.H. Chan School of Public Health Professor, says Covid-19 is far from over and we need a unified approach to the pandemic going forward. George Bory, Wells Fargo Asset Management Head of Fixed Income Strategy, says we should expect a long, drawn out economic recovery with the potential of more shocks. Amy Liu, Brookings Institution Metropolitan Policy Program Vice President and Director, says the U.S. needs a stronger vision for world-class modern infrastructure.Jameelah Robinson, M.S.See omnystudio.com/listener for privacy information.

Raghuram Rajan, University of Chicago Booth School Professor & Former Reserve Bank of India Governor, says the Fed is doing a fantastic job cooperating with the government, but there has to be a reciprocal arrangement from the government side to respect the Fed's independence. Laurence Boone, OECD Chief Economist, says it will be very difficult to renew the type of economic growth that we had pre-pandemic without global cooperation. Priya Misra, TD Securities Head of Global Rates Strategy, says the market is trying to test the Fed to see how accommodating it will be. William Rudin, Rudin Management CEO, says New York City will be at the forefront of job creations and dealing with racial injustice issues.See omnystudio.com/listener for privacy information.

Robert Doll, Nuveen Asset Management Chief Equity Strategist, says it will take many quarters to find new economic ground. Olivier Blanchard, Peterson Institute for International Economics Senior Fellow, sees bumpy recovery ahead for Europe. Lakshman Achuthan, Economic Cycle Research Institute COO & Co-Founder, says even a partial recovery will lift the economy from its lows. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says the focus is on inflation and inflation expectations. Susan Lund, McKinsey Global Institute Partner, says the Covid-19 pandemic may worsen the wage gap in the United States.See omnystudio.com/listener for privacy information.

Mike Swell, Goldman Sachs Asset Management Co-Head of Global Fixed Income Portfolio Management, the U.S. Economy needs to be repaired. Amrita Sen, Energy Aspects Chief Oil Analyst, says supply is falling faster than demand in the oil sector. Daniel Morris, BNP Paribas Asset Management Senior Investment Strategist believes a second wave of Covid-19 is likely, with a lesser economic impact. Patrick Foye, MTA Chairman, says the MTA and every other transit agency will require federal aid to get through 2020.See omnystudio.com/listener for privacy information.

Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, reacts to the unexpectedly positive jobs report. Tiffany Wilding, PIMCO U.S. Economist, says the labor department report does not really capture people who have been furloughed. Yelena Shulyatyeva, Bloomberg Senior U.S. Economist, says the May jobs data underestimate the wage gap. Dr. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, says multiple vaccine trials for Covid-19 are progressing to a second phase.See omnystudio.com/listener for privacy information.

David Lebovitz, JPMorgan Investment Management Global Market Strategist, says today's market structure is very different than in the past, signaled by the speed of which markets have bounced back. Kathy Hochul, New York Lieutenant Governor, says New York City is prepared for the first phase of its reopening on Monday. Greg Boutle, BNP Paribas Head of U.S. Equity & Derivative Strategy, says there is a disconnect in U.S. economic outlook and the equity market. Admiral James Stavridis, Bloomberg Opinion Columnist & Former Supreme Allied Commander at NATO, speaks out against President Trump's threat to use military to stop protests.See omnystudio.com/listener for privacy information.

Jared Bernstein, Center on Budget and Policy Priorities Senior Fellow, says it is critical the federal sector is amply funded to protect the American people from future crises. Bill Dudley, Former New York Fed President and Former FOMC Vice Chair, says some of the Fed's market support has created a little bit of moral hazard. Steve Chiavarone, Federated Hermes Portfolio Manager, says GDP levels will not get back to where they were until the end of 2021. Tobias Levkovich, Citi Chief U.S. Equity Strategist, believes that the pandemic has accelerated certain trends that were already underway, including those in retail and tele-medicine. David Malpass, World Bank President, discusses challenges in deploring money to poor countries and the scale of debt relief the bank plans to implement in the upcoming months.See omnystudio.com/listener for privacy information.

Lewis Alexander, Nomura Chief U.S. Economist, says the U.S. unemployment rate will continue to rise before this recession is over. David Kostin, Goldman Sachs Chief U.S. Equity Strategist, says the current market rally has been driven by a select group of companies. Ian Bremmer, Eurasia Group President, says the U.S. is not on the brink of civil war. Dennis Gartman, Retired Editor of The Gartman Letter, says he finds it very difficult to be bullish on risk assets.See omnystudio.com/listener for privacy information.

David Herro, Harris Associates CIO of International Equity, says Europe is beginning to see normalized light at the end of this dark economic tunnel. Richard Haass, Council on Foreign Relations President, says President Trump has to step up to the moment and stop the divisive tweets and personal attacks. Ethan Harris, Bank of America Merrill Lynch Head of Global Economics Research, says data shows we are starting to move off the economic bottom. Meredith Sumpter, Eurasia Group Head of Research Strategy, says emerging market economies will struggle to balance with the competing pressures from the U.S. and China.See omnystudio.com/listener for privacy information.

Jared Woodard, Bank of America Securities Head of the Research Investment Committee, says a bull rally needs to be much broader in markets. Ebrahim Rahbari, Citi Global Head of FX Analysis, says the dollar bull market can still continue. Myron Brilliant, Head of International Affairs at the U.S. Chamber of Commerce, says the U.S.-China relationship has never been more complex. David Rubenstein, Carlyle Group Co-Founder & Co-Chairman and Host of Leadership Live, speaks with Youtube CEO Susan Wojcicki about the platform's system for monitoring content. Loretta Mester, Federal Reserve Bank of Cleveland President, says the Yield Curve is the support for forward guidance.See omnystudio.com/listener for privacy information.

Christopher Patten, Former Governor of Hong Kong, says China must pay a price for Hong Kong and emphasizes the need for a unified global response against Xi Jinping. Evan Brown, UBS Asset Management Head of Multi-Asset, says Europe is crucially relying on a bridge being built by the ECB. Jonathan Fenby, TS Lombard China Research Chairman, says the loss of Hong Kong's special trading status with the U.S. would hurt Hong Kong more than China. Geoffrey Okamoto, IMF's First Deputy Managing Director, says the IMF entered this crisis better resourced than any prior crisis. Thierry Wizman, Macquarie Director of Global Currencies & Interest Rate Strategist, sees dollar weakening against the euro and the pound going into the second half of 2020.See omnystudio.com/listener for privacy information.

Julian Emanuel, BTIG Chief Equities and Derivatices Strategist, says I am not entirely sold on the idea that we have entered a bull market. Kathy Jones, Charles Schwab Chief Fixed Income Strategist, says we have to get through deflation before we worry about inflation. Marty Walsh, Mayor of Boston, says the reopening process should be done state-by state, not federally. Leland Miller, China Beige Book CEO, says sanctions are looming over Hong Kong.See omnystudio.com/listener for privacy information.

Mona Mahajan, Allianz Global Investors, discusses the importance of being selective when investing in a risk/reward industry like the airline sector. Labor Secretary Eugene Scalia discusses whether the $600 unemployment supplement should be extended when the program expires in July. Dan Tarullo, Former Federal Reserve Governor, says income support for the nation's unemployed needs to be the highest priority right now. Nelson Griggs, Nasdaq Stock Exchange President and Nasdaq's Corporate Services Business EVP, says there is a chance of a healthy IPO sector as markets look to recovery. Neysa Ernst, Johns Hopkins Hospital Department of Medicine Nurse Manager, says Covid-19 was a big wake up call about how limited ICU nursing resources are.See omnystudio.com/listener for privacy information.

Tobias Levkovich, Citi Chief U.S. Equity Strategist, says FOMU (Fear of Meaningfully Underperforming), not FOMO (Fear of Missing Out), has played a role in the recent rally. Yvonne Man, Bloomberg Markets Asia Anchor, says the stage is set for another repeat of protests in Hong Kong. Priya Misra TD Securities Head of Global Rates Strategy, says the Fed has no option but to go into yield curve control. Diane Swonk, Grant Thornton Chief Economist, says American consumers will remain hesitant because of the fear of contagion, regardless of whether the economy is open or not. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, discusses the challenges countries in the southern hemisphere are facing in controlling the coronavirus outbreak.See omnystudio.com/listener for privacy information.

Sebastien Galy, Nordea Asset Management Senior Macro Strategist, says negative rates are possible in the U.S. and could have a powerful impact on the dollar. Steve Ricchiuto, Mizuho Securities Chief U.S. Economist, says the ability to get the labor market back to where it was will take several years. Steve Auth, Federated Hermes CIO of Equities, believes there will be a manufacturing renaissance once COVID-19 has successfully been combated. Jason Farley, Johns Hopkins University Professor of Nursing, says there are "glimmers of hope" in the effort to stabilize the spread of Covid-19.See omnystudio.com/listener for privacy information.

Joyce Chang, JPMorgan Chair of Global Research, says she could see negative yields happening in the U.S., but doesn't see Fed policy going below zero. Matthew Harrison, Morgan Stanley Head of Biotechnology Research, says the level of antibodies that are protective for people with Covid-19 is still unknown. Megan Greene, Harvard Kennedy Senior Fellow, says the coronavirus pandemic has exposed a lot of broken aspects of the United States. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, says we have to continue to support the W.H.O. and their role in pandemic preparedness and response. Ron Temple, Lazard Asset Management Co-Head of Multi-Asset and Head of U.S. Equity, says there needs to be more focus on the looming retirement crisis.See omnystudio.com/listener for privacy information.

Jeff Currie, Goldman Sachs Global Head of Commodities Research, says there is far too much optimism in oil markets and sees gold heading towards $1,800/oz near term. Jim O'Sullivan, TD Securities Chief U.S. Macro Strategist, expects most of the major job losses to be behind us once we get through May. Brian Moynihan, Bank of America Chairman and CEO, says the economy is unlikely to experience a recovery until the end of next year. Neysa Ernst, Johns Hopkins Hospital Department of Medicine Nurse Manager, stresses why it is important to continue the use of masks and social distancing in order to keep ahead of the curve. Campbell Harvey, Duke Finance Professor, says the policy response to COVID-19 pandemic has been a black swan.See omnystudio.com/listener for privacy information.

Lisa Shalett, Morgan Stanley Wealth Management Chief Investment Officer, says the fear trade has been holding the U.S. dollar up in the near term. Ian Sheperdson, Pantheon Macroeconomics Founder & Chief Economist, says markets are expecting further aid from the U.S. government. Peter Hayes, Head of BlackRock's Municipal Bonds Group, says states and cities are facing a liquidity issue rather than a solvency issue. Freya Beamish, Pantheon Macroeconomics Chief Asia Economist, says the recovery in China is likely to underperform in the second half of the year. Joshua Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement, says there are a lot of positive signs that there is evidence of immunity, but a case hasn't been proven yet.See omnystudio.com/listener for privacy information.

Troy Gayeski, Skybridge Capital Partner Co-CIO & Senior Portfolio Manager, says the divergence between equity markets and credit is as large as it has been since the financial crisis. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, says the Fed will try to employ yield curve control once it has exhausted other options. Andrew Hollenhorst, Citi Chief U.S. Economist, says consumer demand will vary from sector to sector during an uncertain recovery phase for the economy. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, says we need to start getting ahead of the virus through accurate testing.See omnystudio.com/listener for privacy information.

Ebrahim Rahbari, Citi Global Head of FX Analysis, doesn't expect the economy to come out of recession until 2022. George Magnus, University of Oxford Research Associate at the China Centre, says the frosty relationship between the United States and China is chipping away their economic interdependence. Julia Coronado, Macroeconomic Policy President and Founder, says the current U.S. economic shutdown will be longer than anticipated. Randy Kroszner, University of Chicago Professor & Former Fed Governor, says it would take extreme circumstances such as significant deflation for the Fed to consider negative rates.Jason Farley, Johns Hopkins University Professor of Nursing, discusses what we know about the likelihood of becoming reinfected with Covid-19.See omnystudio.com/listener for privacy information.

Jack Ablin, Cresset Wealth Advisors Chief Investment Officer & Founding Partner, says equity investors are currently looking at their portfolios like bond investors. Christian Keller, Barclays Head of Economics Research, explains why the prospect of a V-shaped recovery is not a fantasy. Priya Misra TD Securities Head of Global Rates Strategy, says the market is not pricing in rate hikes until 2024. Admiral James Stavridis, Bloomberg Opinion Columnist, Carlyle Group Advisor & Former Supreme Allied Commander at NATO, discusses the essential steps to prevent history from repeating itself post-pandemic. David Rubenstein, Carlyle Group Co-Founder & Co-Executive Chairman and Host of Leadership Live, discusses his interview with Nasdaq CEO Adena Friedman. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, says Dr. Fauci’s path to reopening is the one to follow.See omnystudio.com/listener for privacy information.

Michael Shaoul, Marketfield Asset Management Chairman, Portfolio Manager & CEO, says the disturbance caused by the virus has ratcheted up the need to use and invest in technology. Marvin Loh, State Street Senior Global Market Strategist, says Northern Asia appears more favorable than U.S. stocks for investors right now. Claudia Sahm, Washington Center for Equitable Growth Director of Macroeconomic Policy and Former Fed Economist, says we're falling into a deflationary spiral and barreling towards a depression. Richard Haass, Council on Foreign Relations President, talks about his new book, "The World: A Brief Introduction," and navigating the biggest challenges coming in the 21st century. Michelle Patch, Johns Hopkins University School of Nursing Assistant Professor, says there has been an improvement in availability of ventilators for COVID-19 patients.See omnystudio.com/listener for privacy information.

Joe Quinlan, Merrill and Bank of America Private Bank Head of CIO Market Strategy, says technology and health care will lead the recovery from the pandemic. Dean Curnutt, Macro Risk Advisors CEO, explains why he thinks gold deserves increased allocation in portfolios. Rep. Trey Hollingsworth, U.S. Representative for Indiana's 9th congressional district, says there is not enough money in Washington, D.C. to save businesses in the long term., Michelle Meyer, Bank of America Securities Head of U.S. Economics, says the unemployment rate will rise, but the month of April was the worst in terms of job destruction. Gary Shilling, A. Gary Shilling & Co. President and Bloomberg Opinion Columnist, thinks this will be the greatest shock to the world's economy since World War II. Joshua Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement, says opening retail requires more than masks and gloves.See omnystudio.com/listener for privacy information.

Catherine Mann, Citi Global Chief Economist, says the disconnect between wages and prices could get bigger when the economy opens back up. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says that out of the 30 million jobless claims filed, it is reasonable to expect about 10-12 million jobs to return by the end of the year. Jeff Rosenberg, Senior Portfolio Manager on BlackRock's Systematic Fixed Income Team, says the path of the recovery will be informed by how many temporary layoffs become permanent. Lawrence Kudlow, National Economic Council Director, expects a significant bounce back in growth in the second half of the year. Dr. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, says things have been moving forward at light speed when it comes to vaccine testing.See omnystudio.com/listener for privacy information.

Nouriel Roubini, NYU Stern School of Business Professor & NourielToday.com Host, expects a two-quarter recession from the coronavirus crisis. Andrew Bailey, Bank of England Governor, says the BOE is not ruling out any further measures, after rates remained unchanged. Marcus Ashworth, Bloomberg Opinion Columnist, breaks down the BOE decision. Ben Laidler, Tower Hudson Research CEO, says the growth of the labor market after reopening will be reasonably slow. David Page, AXA Investment Managers Head of Macro Research, expects U.S. unemployment to peak in May. Jason Farley, Johns Hopkins University Professor of Nursing, explains how genetics could affect a person's response to COVID-19.See omnystudio.com/listener for privacy information.

James Bevan, CCLA Chief Investment Officer, says he's holding cash because he's worried about the disconnect between fundamentals and the markets. Joyce Chang, JPMorgan Chair of Global Research, says the Fed has taken on the role of the central banker to the world to avert a systemic shock to the global financial markets. Michael Feroli, JPMorgan Chief US Economist, explains why he thinks unemployment is closer to 20% and might be underrepresented because of the way the data is collected. Gene Sperling, Former Director of the National Economic Council talks about his new book "Economic Dignity." Michelle Patch, Johns Hopkins School of Nursing Assistant Professor speaks to the complications of Covid-19.See omnystudio.com/listener for privacy information.

David Bailin, Citi Private Bank Chief Investment Officer, says reopening the U.S. economy focuses on rebuilding supply lines and consumer demand. Kathy Hochul, New York Lieutenant Governor, says the post-pandemic recovery will include re-imagining the workplace and the education system. John Normand, JPMorgan Head of Cross Asset Fundamental Strategy, says equities are overpriced. Howard Davies, RBS Chairman, says the coronavirus crisis will accelerate the trend towards remote banking and alter the competitive environment. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, discusses concerns related to the re-opening of the U.S. economy.See omnystudio.com/listener for privacy information.

Matt Hornbach, Morgan Stanley Global Head of Macro Strategy, says bond markets are caught between a fiscal rock and a QE hard place. Jane Foley, Rabobank Head of FX Strategy, says she sees the risk of another dip towards EUR/USD 1.08 in the coming weeks. Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says we are looking at several weeks of uncertainty in regards to when the economy will re-open. Bill Smead, CIO of Smead capital Management recaps Airline stocks in sharp decline as Warren Buffett Exits Positions. Josh Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement discusses the the coronavirus curve in the U.S.See omnystudio.com/listener for privacy information.

Gene Munster, Loup Ventures Managing Partner & Analyst, says Apple was the most at-risk large U.S. tech company for reporting a disappointing quarter due to the company’s hardware businesses and exposure to China. Mohamed Younis, Gallup Editor-in Chief, says most Americans are putting their trust in local officials to get them out of the economic hole caused by the coronavirus pandemic. Henrietta Treyz, Veda Partners Director of Economic Policy, explains how the nature of the U.S.-China trade dispute will change because of the coronavirus outbreak. Michael Gapen, Barclays Chief U.S. Economist, says the U.S. unemployment rate may rise as high as 19% in April and remain elevated for several years. Dr. Andrew Pekosz, Johns Hopkins Bloomberg School of Public Health, says he has a lot of hope for antibody testing.See omnystudio.com/listener for privacy information.

Dan Katzive, BNP Paribas Head of FX Strategy for North America, says the euro is cheap against the dollar and far from its long-term equilibrium level of around $1.30. Danny Blanchflower, Dartmouth College Economist and former BOE Monetary Policy Committee Member, says this may be the worst global economic decline he has ever seen. Jason Farley, John Hopkins University Nursing Professor, says we need to speed up our testing capacity. Krish Sankar, Cowen Senior Research Analyst, says the stability of Apple's balance sheet has been a major selling point for many of its shareholders. Craig Moffett, Moffettnathanson Founding Partner & Senior Research Analyst recaps tech and media dataSee omnystudio.com/listener for privacy information.

Eric Robertsen, Standard Chartered Bank Global Head of Research, says the Fed's balance sheet can go wider, but does not expect any major surprises at this point. Randy Kroszner, University of Chicago Professor & Former Fed Governor, discusses how the Fed may unwind its balance sheet. Stephen Stanley, Amherst Pierpont Chief Economist, expects second quarter U.S. GDP numbers to be even worse than first quarter ones. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, says coronavirus testing still has a long way to go. David Rubenstein, Carlyle Group Co-Founder & Co-Executive Chairman and Host of Leadership Live, discusses his interview with Cargill CEO Dave MacLennan.See omnystudio.com/listener for privacy information.

Amrita Sen, Energy Aspects Chief Oil Analyst, says supply recovery is likely to lag the rise in demand for oil. Valdis Dombrovskis, European Commission Vice President, says the bank consolidation process is already gradually happening in Europe. David Herro, Harris Associates Chief Investment Officer of International Equities, says the greater the spread between growth and value, the better the future looks. Robert Shiller, Yale University Professor and Nobel Laureate in economics talks about how human psychology amid the pandemic could play out in the stock market. Neysa Ernst, Johns Hopkins Hospital Department of Medicine Nurse Manager, says training the non-ICU nursing workforce to safely care for COVID-19 ICU patients has been going well. Kathy Hochul, New York Lieutenant Governor, says she is working with Governor Cuomo to rebuild a better New York City and New York State than before coronavirus.See omnystudio.com/listener for privacy information.

Marvin Loh, State Street Senior Global Market Strategist, says big tech stocks can maintain their competitive advantage. Rep. French Hill, Republican U.S. Representative for Arkansas's 2nd congressional district, says that not having a functioning supply chain will affect every state in the U.S. Stephen Schork, The Schork Report Founder & Editor, says the economy is dead and that we are in a great depression. Joshua Sharfstein Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement, explains the best way to interpret coronavirus studies as more start coming out. Austan Goolsbee, University of Chicago Booth School of Business Professor, says historically, societies affected by plagues have taken on nationalistic behaviors.See omnystudio.com/listener for privacy information.

Alan Ruskin, Deutsche Bank Chief International Strategist, says that U.S. policy measures have inevitably expanded debt as far as the eye can see. Francisco Blanch, Bank of America Global Head of Commodities & Derivatives Research, says U.S. GDP will see the steepest drop in modern history due to the COVID-19 lockdowns. David Kelly, JPMorgan Asset Management Chief Global Strategist, expects economic recovery in the second half of next year, but worries about the unanticipated impact of financing 'an awful lot of misery' until that time. Leslie Vinjamuri, Chatham House Head of U.S. and Americas Programme, says it's difficult to predict how much more stimulus is needed to combat the coronavirus’s economic impact. Dr. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, says the broad spectrum of disease induced by the novel coronavirus complicates the effectiveness of drug treatments.See omnystudio.com/listener for privacy information.

Paul Sankey, Mizuho Americas Oil & Gas Analyst, says crude futures could trade negatively again in May, if commodity trade advisors who must get out of their positions the day before settlement "get caught again." Savita Subramanian, Bank of America Head of U.S. Equity and Quantitative Strategy, says earnings have come down, but prices are still relatively high. Narayana Kocherlakota, University of Rochester Economics Professor, Former Head of the Minneapolis Fed and Bloomberg Opinion Columnist, says that as long as interest rates & inflation remain low, congress and the Fed will continue to feel comfortable with expansionary programs. Jason Farley, John Hopkins University Nursing Professor, says he fully expects a second wave of COVID-19 infections. Jon Lieber, Eurasia Group Managing Director for the United States, says President Trump's immigration order is less about protecting jobs and more about setting up a contrast on immigration with Joe Biden in the fall election.See omnystudio.com/listener for privacy information.

Amrita Sen, Energy Aspects Chief Oil Analyst, says oil production has to fall quickly for prices to recover. Karen G. Mills, Harvard Business School Senior Fellow and Former Head of U.S. Small Business Administration, says she is more optimistic about this next round of funding for small businesses. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, says the CDC needs support to roll out broad, systematic testing. Sebastien Galy, Nordea Asset Management Senior Macro Strategist, says the United States cannot sustain the decline in oil prices for long.See omnystudio.com/listener for privacy information.

Greg Boutle, BNP Paribas US Head of Equity and Derivative Strategy, says equities are nowmore expensive than they were before the recent turmoil. Martijn Rats, Morgan Stanley Global Oil Strategist, says the restart of oil demand will likely be uneven across crude products so we'll likely see more driving before flying again. Kathy Hochul, New York Lieutenant Governor, says the state of New York is projected to lose at least $15 Billion dollars in revenue in this budget year. Michelle Patch, Johns Hopkins School of Nursing Assistant Professor, examines the emotional toll of the coronavirus pandemic.See omnystudio.com/listener for privacy information.

Jim Caron, Morgan Stanley Investment Management Fixed Income Portfolio Manager, says this is a bond picker's market and investors need to be selective. Erik Nielsen, UniCredit Group Chief Economist, says that this recession will be deep with a very brief duration. Josh Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement, says that we have seen a plateau in virus cases in the United States. Gideon Rose, Foreign Affairs Magazine Editor, says meaningful climate change policies could be followed now that don't involve shutting down the entire world.See omnystudio.com/listener for privacy information.

Tony Dwyer, Canaccord Genuity Chief Market Strategist, says he would not bet against the market and that this is a good time to remain neutral. Federal Reserve Bank of Cleveland President Loretta Mester says it’s going to take time for economy to reopen and that it needs to be done very carefully. Dr. Andrew Pekosz, Johns Hopkins University Bloomberg School of Public Health Professor and Virologist, says that right now there really is no good evidence to suggest that people are getting reinfected after their first exposure. Jared Bernstein, Center on Budget and Policy Administration Senior Fellow and Former Economic Adviser to Vice President Joseph Biden, says the U.S. is very behind the curve on testing for COVID-19.See omnystudio.com/listener for privacy information.

Savita Subramanian, Bank of America Head of U.S. Equity and Quantitative Strategy, says we're in a fast and furious market. Jason Farley, Johns Hopkins University Professor of Nursing, says we are being very resilient in our efforts to make sure we have enough personal protective equipment. Michelle Meyer, BofA Securities Head of U.S. Economics, says the latest U.S. jobless claims numbers suggest an unemployment rate of 14%-15%. Peter Hooper, Deutsche Bank Securities Global Head of Economic Research, says unemployment is short of Great Depression levels in large part due to the Fed and Congress. Henrietta Treyz, Veda Partners Director of Economic Policy, says the current plan to reopen the economy is a mess because of the White House administration. David Rubenstein, Carlyle Co-Chairman and host of Peer-to-Peer Conversations, discusses his interview with Didi President Jean Liu.See omnystudio.com/listener for privacy information.

Joseph Stiglitz, Columbia University Professor, says Trump's decision to withhold W.H.O. funding is like defunding a fire department in the middle of a fire. Lauren Sauer Johns Hopkins University Assistant Professor of Emergency Medicine, says a coronavirus vaccine for the general public is likely one year away. Ken Leon, CFRA Director of Equity Research, says there is real risk in commercial real estate and construction at this time. Bill Priest, Epoch Investment Partners Executive Chairman and Co-Chief Investment Officer, says don't expect any buybacks by any U.S. bank this year.See omnystudio.com/listener for privacy information.

Tom Michaud, KBW CEO, says he has never seen a recession come this quickly and this hard. Lori Calvasina, RBC Capital Markets Head of U.S. Equity Strategy, warns that earnings season will show collateral damage from the coronavirus pandemic. Jay Bryson, Wells Fargo Acting Chief Economist, says the unemployment rate will not go back to 3.5 percent this year. Michelle Patch, Johns Hopkins University School of Nursing Assistant Professor, details the physical and emotional toll taken on by medical workers during the COVID-19 epidemic. Harry Tchilinguirian, BNP Paribas Head of Commodity Research & Senior Oil Analyst, does not expect a sustained recovery in the oil price until pent-up demand is released in Q3.See omnystudio.com/listener for privacy information.

Federal Reserve Vice Chairman Richard Clarida says the central bank has the tools needed to keep the U.S. out of a deflationary trap, even as the coronavirus deals a severe hit to the economy. Dennis Gartman, Retired Editor of the Gartman Letter, says this is a time to own gold. Betsy Graseck, Morgan Stanley Head of Banks & Diversified Finance Research looks ahead to bank earnings and discusses the metrics she says will matter the most. Dr. Josh Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean of Public Health Practice and Community Engagement, says people who were reasonably sick from the coronavirus infection and got better are unlikely to get that sick again.See omnystudio.com/listener for privacy information.

James Sweeney, Credit Suisse Chief Economist & CIO Americas, says the Fed is using the most aggressive tools it has to keep money flowing. Kristalina Georgieva, IMF Managing Director, says the world needs massive, well-targeted measures to help combat the coronavirus crisis. Ed Morse, Citi Research Global Head of Commodities, discusses President Trump's options if OPEC+ doesn't reach a deal. Jason Farley, Johns Hopkins University Professor of Nursing, says it is the immune system's response to the virus that is causing the issue, rather than the virus itself.See omnystudio.com/listener for privacy information.

Troy Gayeski, Skybridge Capital Partner Co-Chief Investment Officer & Senior Portfolio Manager, says if the market does not bottom until after Q2, there will be a much longer downside stretch than anticipated. Kathy Hochul, New York Lieutenant Governor, says broad virus testing is needed before the New York economy reopens. Stephen Roach, Yale University Professor, former Morgan Stanley Asia Chairman and former Morgan Stanley Chief Economist, says countries need to be careful about pointing fingers during this crisis. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, discusses how hospitals are handling the surge of coronavirus patients. Paul Sankey, Mizuho Americas Oil & Gas Analyst, says the market will deliver cuts, and they will be deeper than any OPEC+ agreements.See omnystudio.com/listener for privacy information.

Meredith Sumpter, Eurasia Group Head of Research Strategy, says China's global influence will increase during the coronavirus crisis. Gabriela Santos, JPM Asset Management Global Market Strategist, says that the U.S. may be one of the last countries to rid itself of the coronavirus crisis, from a health and economic perspective. William White, Former Chairman of the OECD Economic and Development Review Committee, is fearful that so much money-printing for so long won't re-stimulate the economy after the crisis is over. Ron Temple, Lazard Asset Management Co-Head Of Multi Asset Head of US Equity & Managing Director, says we need to see a continuation of Fed and fiscal stimulus. Alessandro Rebucci, Johns Hopkins University Carey Business School Associate Professor of Economics & Finance, says emerging markets will be put under extreme strain and are much less capable of absorbing the health dimensions of the coronavirus crisis.See omnystudio.com/listener for privacy information.

Charles Kantor, Neuberger Berman Long Short Fund Senior Portfolio Manager, is very bullish on America's recovery, saying there is more than enough federal stimulus for now. Joyce Chang, JPMorgan Chair of Global Research, says revisions on dividends and earnings will continue. Joshua Sharfstein, Johns Hopkins University Bloomberg School of Public Health Vice Dean for Public Health Practice and Community Engagement, says it's important to temper expectations about potential coronavirus treatments. Ted Alden, CFR Senior Fellow & Author of "Failure to Adjust: How Americans Got Left Behind in the Global Economy," says there are a lot of incentives now for countries to pursue more nationalist policies. Martijn Rats, Morgan Stanley Global Oil Strategist, says the oil market is trading at an unusually deep discount.See omnystudio.com/listener for privacy information.

Jeffrey Rosenberg, Senior Portfolio Manager on BlackRock's Systematic Fixed Income Team, believes it will be a long time before consumer behavior and confidence is restored in the U.S. Ellen Zentner, Morgan Stanley Chief U.S. Economist, says a strong social safety net will keep a coronavirus recession from becoming a depression. Larry Kudlow, National Economic Council Director, says he does not expect to see any movements in regards to tariffs right now. Amrita Sen, Energy Aspects Chief Oil Analyst, says no amount of oil supply cut will take care of the demand losses.See omnystudio.com/listener for privacy information.

Lori Calvasina, RBC Capital Markets, says the end of March market rally was due to a positive reaction out of Washington. Jason Furman, Harvard University professor and Former Obama Economic Advisor, says there will be very high unemployment for the rest of this year and next year. Michael Gapen, Barclays Chief U.S. Economist, says March jobs report is already old news; jobless claims data is the most important information we have. Jonathan Miller, Miller Samuel Real Estate Appraisers & Consultants, details how the housing market is dealing with fallout from the coronavirus.See omnystudio.com/listener for privacy information.

Olivier Blanchard, Peterson Institute Senior Fellow, says getting the infection rate down is an absolute priority. Bill Dudley, Former New York Fed President, says the post-pandemic economic recovery will not be as powerful as hoped because of higher debt burdens. Abby Joseph Cohen, Goldman Sachs Advisory Director & Senior Investment Strategist, says that U.S. monetary and fiscal policy is moving in the right direction. Michael Shaoul, Marketfield Asset Management Chairman & Portfolio Manager, says there is nothing normal about where markets are today. David Rubenstein, Carlyle Group Co-Chairman, breaks down his interview with Former U.S. Defense Secretary James Mattis.See omnystudio.com/listener for privacy information.